It's possible to trade profitably on the Forex, the nearly $2 trillion worldwide currency exchange market. But the odds are against you, even more so if you don't prepare and plan your trades. According to a 2014 Bloomberg report, several analyses of retail Forex trading, including one by the National Futures Association (NFA), the industry's regulatory body, concluded that more than two out of three Forex traders lose money. This suggests that self-education and caution are recommended. Here are some approaches that may improve your odds of taking a profit. Prepare Before You Begin Trading Because the Forex market is highly leveraged -- as much as 50 to 1 -- it can have the same appeal as buying a lottery ticket: some small chance of making a killing. This, however, isn't trading; it's gambling, with the odds long against you. A better way of entering the Forex market is to carefully prepare. Beginning with a practice account is helpful and risk-free. While you're trading in your practice account, read the most frequently recommended Forex trading books, among them Currency Forecasting: A Guide to Fundamental and Technical Models of Exchange Rate Determination, by Michael R. Rosenberg is short, not too sweet and highly admired introduction to the Forex market. Forex Strategies: Best Forex Strategies for High Profits and Reduced Risk, by Matthew Maybury is an excellent introduction to Forex trading. The Little Book of Currency Trading: How to Make Big Profits in the World of Forex, by Kathy Lien is another concise introduction that has stood the test of time. All three are available on Amazon. Rosenberg's book, unfortunately, is pricey, but it's widely available in public libraries. "Trading in the Zone: Master the Market with Confidence, Discipline and a Winning Attitude," by Mark Douglas is another good book that's available on Amazon, and, again, somewhat pricey, although the Kindle edition is not. Use the information gained from your reading to plan your trades before plunging in. The more you change your plan, the more you end up in trouble and the less likely that elusive forex profit will end up in your pocket. Diversify and Limit Your Risks Two strategies that belong in every trader's arsenal are: Diversification: Traders who execute many small traders, particularly in different markets where the correlation between markets is low, have a better chance of making a profit. Putting all your money in one big trade is always a bad idea. Familiarize yourself with ways guaranteeing a profit on an already profitable order, such as a trailing stop, and of limiting losses using stop and limit orders. These strategies and more are covered in the recommended books. Novice traders often make the mistake of concentrating on how to win; it's even more important to understand how to limit your losses. Be Patient Forex traders, particularly beginners, are prone to getting nervous if a trade does not go their way immediately, or if the trade goes into a little profit they get itchy to pull the plug and walk away with a small profit that could have been a significant profit with little downside risk using appropriate risk reduction strategies. In "On Any Given Sunday," Al Pacino reminds us that "football is a game of inches." That's a winning attitude in the Forex market as well. Remember that you are going to win some trades and lose others. Take satisfaction in the accumulation of a few more wins than losses. Over time, that could make you rich!

Mongolian Chicken (Slow Cooker)

Mongolian Chicken (Slow Cooker)
This Mongolian Chicken is is my Go-To slow cooker meal! It takes minutes to “set it and forget” for tender, juicy chicken, then you thicken your sauce on the stove for truly luxurious Mongolian sauce – no lackluster, runny sauce here! You will love the ease of this Slow Cooker Mongolian Chicken and everyone else will swoon over the better than takeout flavor! 
Mongolian Chicken (Slow Cooker)
Prep Time 10 minutes
Cook Time 240 minutes

INGREDIENTS
  • 1 1/2 - 2 pounds boneless skinless chicken breasts
  • 1 1/2 tablespoons cornstarch
Mongolian Sauce
  • 1/2 cup low sodium soy sauce
  • 1/2 cup water
  • 1/4-1/3 cup brown sugar, packed
  • 2-4 tablespoons Asian sweet chili sauce (like Mae Ploy) **
  • 2 tablespoons sweet Japanese rice wine (may sub dry sherry)
  • 1 tablespoon quality hoisin sauce (like Lee Kum Kee or Kikkoman)**
  • 2 teaspoons freshly grated ginger
  • 1/4 teaspoon pepper
  • 1 teaspoon sriracha/Asian more or less to taste*** 
INSTRUCTIONS
  1. Add chicken to the bottom of your slow cooker.
  2. Whisk together all of the Mongolian Sauce ingredients and pour 1/2 cup over chicken. Refrigerate the rest of the sauce. Cook on low for 5-7 hours or on high for 3-4 hours, or until chicken is tender enough to shred.
  3. When chicken is tender, remove to a cutting board and shred.
  4. Meanwhile, add reserved Mongolian Sauce to a small saucepan and whisk in 1 1/2 tablespoons cornstarch followed by all the liquid from the slow cooker. Bring to a boil then reduce to a simmer until thickened. Add shredded chicken back to slow cooker along with thickened sauce. Toss to combine.
  5. Let cook an additional 30 minutes on low to absorb sauce. Add salt to taste. Add additional Asian Sweet Chili Sauce for more sweet heat, Sriracha for spicier, brown sugar for sweeter if desired. Serve with rice and garnish with sesame seeds and green onions.
RECIPE NOTES
*Customize sweetness: Use 1/4 cup brown sugar for less sweet or if you are only using 2 tablespoons Sweet Chili Sauce. You can always stir in more brown sugar at the end of cooking
**Customize heat: If you aren’t sure how much Sweet Chili Sauce to use, start with less and stir in more at the end of cooking. I use 4 tablespoons (1/4 cup) and 1 teaspoon sriracha and I would say it is medium spicy. If you have young children you will want to start with 2 tablespoons Asian Sweet Chili Sauce and probably omit the Sriracha.
***Rice wine: I use Kikkoman Mirin Aji Sweet Rice Wine - can be found in the Asian section of most grocery stores - I suggest googling it so you can spot it easily. The best substitute is dry sherry.
***Broccoli: I added 3 cups broccoli florets by adding 1/2 inch water to a microwave safe bowl along with broccoli, covering and microwaving for approximately 3 minutes to steam.
Carlsbad Cravings Original

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